PNC’s Robert A. Niblock acquires 59 stock-linked units
The phantom stock units are settled in cash upon distribution; deferred stock units provide a share at retirement, with limited cash settlement circumstances.
Sentiment and the balance of points
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Form Type
4
Rhea-AI Filing Summary
PNC director Robert A. Niblock acquired 59 phantom stock units on October 1, 2026, as dividend equivalents under the PNC Deferred Compensation Plan. His indirect position after the transaction was 2,086 phantom stock units. The filing also lists 5,779 directly held deferred stock units; each represents a right to receive one PNC common share at retirement or, in limited circumstances, cash equal to a share’s fair market value on the payment determination date.
Insider Trade Summary
Grant/Award: 59 shares
Grant/Award
2 txns
Insider
NIBLOCK ROBERT A
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Unit F1, F2 | 59 | $220.75 | $13K |
| holding | Deferred Stock Unit F3, F4 | -- | -- | -- |
Holdings After Transaction:
Phantom Stock Unit — 2,086 contracts (Indirect, Deferred Compensation Plan);
Deferred Stock Unit — 5,779 contracts (Direct)
Footnotes (4)
- F1. One phantom stock unit is the economic equivalent of one share of The PNC Financial Services Group, Inc. ("PNC") common stock. Phantom stock units will be settled in cash upon distribution to the reporting person and generally do not expire.
- F2. Includes phantom stock units acquired by the reporting person as dividend equivalents under the PNC Deferred Compensation Plan in transactions exempt from reporting that occurred after the date of the reporting person's most recent filing on Form 4.
- F3. Deferred stock units ("DSUs") granted pursuant to the PNC Directors Deferred Stock Unit Program (the "Program") under PNC's equity incentive plan. Each DSU represents the right to receive at retirement one share of PNC common stock, or in limited circumstances cash equal to the fair market value of one share of PNC common stock on the payment determination date, pursuant to the terms of the Program.
- F4. Includes DSUs acquired by the reporting person as dividend equivalents under the Program in transactions exempt from reporting that occurred after the date of the reporting person's most recent filing on Form 4.
Key Figures
Phantom stock units acquired: 59 phantom stock units
Indirect phantom stock unit position: 2,086 phantom stock units
Direct deferred stock unit position: 5,779 deferred stock units
3 metrics
Phantom stock units acquired
59 phantom stock units
October 1, 2026; dividend equivalents under the PNC Deferred Compensation Plan
Indirect phantom stock unit position
2,086 phantom stock units
After the October 1, 2026 transaction; held through the Deferred Compensation Plan
Direct deferred stock unit position
5,779 deferred stock units
Listed as of October 1, 2026
Key Terms
Phantom stock unit, Dividend equivalents, Deferred stock units, fair market value
4 terms
Phantom stock unit financial
"One phantom stock unit is the economic equivalent of one share"
Dividend equivalents financial
"acquired by the reporting person as dividend equivalents"
Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.
Deferred stock units financial
"Each DSU represents the right to receive at retirement one share"
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
fair market value financial
"cash equal to the fair market value of one share"
The price a willing buyer and a willing seller would agree on for an asset or security when neither is under pressure and both have access to the same information. Think of it as the market’s neutral estimate of what something is worth, like the price two neighbors would settle on for a car after comparing similar listings. Investors care because fair market value guides buying and selling decisions, tax reporting, portfolio valuation, and how accurately company assets are reflected in financial statements.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How many PNC phantom stock units did Robert A. Niblock acquire?
Robert A. Niblock acquired 59 phantom stock units on October 1, 2026, as dividend equivalents under the PNC Deferred Compensation Plan. His indirect position after the transaction was 2,086 phantom stock units.
What do PNC deferred stock units entitle Robert A. Niblock to receive?
Each deferred stock unit represents a right to receive one PNC common share at retirement or, in limited circumstances, cash equal to the fair market value of one share on the payment determination date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
